A mega exercise to kill the constitution- A crusade to sell off the Nation by the children of neo liberalism!
A mega exercise to kill the constitution- A crusade to sell off the Nation by the children of neo liberalism!
The land acquisition act, environment laws, mining act, labour laws have to be amended just because a nationwide deportation, deforestation and displacing campaign is being launched by the neo Nazi regime to hand over all natural resources to foreign capital. Mind you, India will allow locally registered foreign firms to mine and sell coal when commercial mining is permitted as part of the opening up of the nationalised industry after four decades, Coal Secretary Anil Swarup told Reuters.
Here you may see the latest example of the inclusive trickling growth story which is all about the growth of the children of new liberalism as SBI defends $1 billion loan to Adani for Oz coal project, says money disbursal after scrutiny! It exposes the great growth story of one of India Inks for which all toasts are meant.
Coal scam is not all about illegal distribution of national resources; it is about the money laundering also.
The Indian banking sector specifically PSU banks have been misused to pump in capital into private companies depriving the common people in need and nobody may guess the exact amount of the money diverted to Indian power politics.
Indian Banking system, thus, undermined to hand over it to the great children of the neoliberalism of Hindu nation agenda which has a vital statistics related to the neo Nazi rulers' size zero profile so much so attractive with myths, legends, holy scripts replacing constitution, history and knowledge irrespective of disciplines and genres.
It is the linguistics and aesthetics of open market economy which is nothing but ethnic cleansing, apartheid, exclusion and the growth of free flow foreign capital as well as foreign interests which enriches the children of the neo liberalism most.
Indian politics is reduced as a mafia network of anti-people millionaires and billionaires which never does represent the voters, taxpayers and common masses in general. As they happen to be the representative of India insc and foreign capital.
It is a whole sole FDI politics which engages us most and it is the mother of all scams, scandals and war crimes against humanity.
This FDI politics has failed Indian democracy in which we are digital biometric citizens remote controlled and have no rights at all.
Amid controversy over sanctioning a $1 billion loan (nearly Rs. 62,000 crore at current exchange rates) to Adani Group, SBI said Thursday it had only signed a preliminary MoU and will disburse the money only after proper due diligence.
To end a chronic coal shortage that cripples power plants and curb the country's imports of the fuel, the Narendra Modi government will also spend about $1 billion by 2019 to buy railway wagons and transport coal from remote mines, Swarup said in an interview on Thursday.
The government last month made provisions for private firms to commercially mine coal but did not set any timeline for when actual digging will start.
The decision will open the door to global giants like Rio Tinto (RIO.L) and BHP Billiton (BHP.AX) and help ramp up output from India's huge reserves - the world's fifth biggest.
Without reading the history of Hindu imperialism we may not understand the phenomenon of neo liberalism, global hindutva and its agenda of hindutva and Hindu nation intermingled with neo Nazi open market economy of mass destruction and ethnic cleansing.
Pl read: https://archive.org/stream/HistroyOfHinduImperialism/Histroy of Hindu Imperialism
Those who rule the nation, those who rule the economy and those who rule the people of India, happen to be Most of the children of liberalisation.
For the children of liberalisation the nation is booty to take away abroad and it is the cloud technology to go global.
It is Sensex carnival as the war against the people of India in every sphere of life is being intensified helped by imperialism and neo Nazi regime global aligned with global Hindutva which has got the helms of the Nation.
It is a mega exercise to kill the constitution.
It is a mega event worldwide to kill the great Indian People's Republic.
Just because, as they complain since 2011, large chunks of the economy have been gripped by policy paralysis. Companies in the natural resources sector have of course been high-profile victims, but manufacturing too has suffered as the economy has slowed.
It is all round cake walk for the children of liberalisation just because the Modi government has been seeking to break this logjam since taking charge in May with a series of reform measures. The impact this has will be reflected in time.
SBI had signed a pact sanctioning $1 billion loan to Adani Group's coal project in Australia on the side-lines of Prime Minister Narendra Modi's visit to the country.
"We clarify that this is a memorandum of understanding. This is not a loan sanction that we have given. It will go through proper due diligence both on the credit side as well as on the viability side," SBI chairperson Arundhati Bhattacharya said in Delhi.
"So all of that will be done. The board will take a call and then only loan will be given," she said.
Asked about the exposure of SBI if its board approves the loan, Bhattacharya said the net exposure would be to the tune of $200 million as there are some repayments also from the company.
On concerns being raised by environmentalists over the port of the shipment, she added, "We also checked with Queensland's government they have clearly said that there is no environmental issue...the threat to Great Barrier Reef is much more from the star fish attack.
"It is not from the Abbot Point port and today Abbot point coal comes at $42 fob (free on board) which is much below better than international prices ruling today and quality of coal is very good. It is non-polluting in nature."
Meanwhile, the Congress raised concern over the $1 billion loan to the Adani group for the Carmichael coal mine.
"What was the propriety of the SBI giving the loan to Adani, who was sitting next to Prime Minister during the visit, at a time when some five foreign banks have denied credit to the group for the project?" party general secretary Ajay Maken said.
Refuting the charges, a senior official of Adani Group said, "There are already a couple of international banks which have already funded our acquisition of mines in Australia. I don't think it is for public consumption for us to tell which banks are currently considering the project in different stages of approval.
The development of the coal mine located at Queensland in Australia and required infrastructure including railways would cost $7.6 billion.
Australia's federal and Queensland governments are eager to see the mine built following the loss of more than 4,000 coal jobs over the past two years, but analysts and project finance experts believe Adani may have underestimated the challenge of raising funds for the project.
Adani, which is also facing a campaign by anti-coal campaigners, is counting on lining up funding from South Korea, having named POSCO Engineering & Construction Co Ltd as the preferred contractor to build its rail line.
Adani's apparent momentum on the Carmichael project is in stark contrast to rival Indian firm GVK's slow progress on another huge coal mine in the Galilee Basin, the Alpha project, which is co-owned by Australian billionaire Gina Rinehart.
Much bigger coal rivals, like BHP Billiton and Glencore, have also shelved coal developments in Queensland at a time when a third of Australia's coal output is making losses.
o- Palash Biswas
